OMG has been consistent with a bullish trend since the beginning... the recent bump up to an ATH is still sitting in the trend. I see ascending triangles... the ones surrounding the larger spike being smaller. This could indicate a head and shoulders pattern... beware OR it could mean a continuation of the ascending triangle trend once we have the next...
OmiseGo has been a gem thus far. It is currently on its 3rd uptrend wave and relatively strong, navigating on a trajectory channel. I've demonstrated in the chart a solid entry point to ride the new wave trend. Fundamentally should climb much higher than the chart depicts, add this one to your portfolio and radar. Cheers!
OMG recently broke out above its previous ath, breaking away from the 100 dma and the clouds after a recent TK cross. OMG now has support at black trend line a and resistance at the lower end of the blue channel. If stochastics continue above 80, look for OMG to continue higher into zone 2 toward the 162% fib retracement. If we make it into zone 3, resistance...
OMG/BTC starting to breakout on daily chart. Watching for first dip to load shares maybe the .0022-.23 area could be a multi day runner
OMGBTC breaking out of nice triangle. Quite an easy trade.
- We need to pass through the arc and get above the strong resistance around 0.00215. If we stay above the blue 1x1 things will go well - If the price can't break through we'll go back down and test the arc again -
OMGBTC bull flagging before uptrend continuation and potential break out. Good time to enter. Target as described. GL!
Breaking the triangle and showing good strength.
Observing the past performance, when RSI went above the red line, nice gains were made.
Wait for a break out before buying. If it breaks down, then we will look for a decline to the 61.8 fibs level along with a double bottom to buy. If price breaks up, we will buy it up to the 1.414 fibs extension level and monitor if it will continue climbing. Trade with care.
Keep an eye on OMG/BTC this week to see which way it breaks the pennant for a nice trade.
A week after our last analysis, OMGBTC pair, is still in range and overbought, however, rising triangle still formed, with possible entry levels on the chart. A break bellow triangle should trigger Stop-loss and could lead to next resisatance zone near 0.00129 IMO, it is more likely a break bellow support rather than a break over resistance because of RSI...